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Questions 1. Which Cost Pool is approximately 22 percent of the total budgeted costs? 2. What percentage of the total budgeted costs does Machining take up? Note: Round to the nearest whole number. 3. What is the percentage of the total budgeted costs taken up by the smallest Cost Pool? Note: Round to the nearest whole number. 4. Which Cost Pool has 1.25 percent slack? 5. Which Cost Pool has the highest percent slack? 6. In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products? 7. In how many cost pools is the S-101 manufacturing overhead (MO) greater than the C-110 manufacturing overhead (MO)? 8. In which Cost Pools is C-110's manufacturing overhead greater than S-101? 9. What is the difference in manufacturing overhead for S-101 and C-110 in the Setup activity cost pool? Setup activity Answers 67% 3% Packing and shipping Purchase ordering 3 Inspection, Purchase ordering $ 7,732

Questions 1. Which Cost Pool is approximately 22 percent of the total budgeted costs? 2. What percentage of the total budgeted costs does Machining take up? Note: Round to the nearest whole number. 3. What is the percentage of the total budgeted costs taken up by the smallest Cost Pool? Note: Round to the nearest whole number. 4. Which Cost Pool has 1.25 percent slack? 5. Which Cost Pool has the highest percent slack? 6. In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products? 7. In how many cost pools is the S-101 manufacturing overhead (MO) greater than the C-110 manufacturing overhead (MO)? 8. In which Cost Pools is C-110's manufacturing overhead greater than S-101? 9. What is the difference in manufacturing overhead for S-101 and C-110 in the Setup activity cost pool? Setup activity Answers 67% 3% Packing and shipping Purchase ordering 3 Inspection, Purchase ordering $ 7,732

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 6EB: Given the following information from Power Enterprises direct materials budget, how much direct...
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Cost Pools Budgeted Costs Cost Driver Practical Capacity Budgeted Activity for S-101 Budgeted Activity for C-110
Setup activity 250000 Setup hours 5000 2500 2350
Packing and shipping 50000 Number of shipments 2000 1200 775
Inspection 30000 Number of batches 1000 250 700
Machining 750000 Units produced 150000 100000 40000
Purchase ordering 40000 Number of orders 300 50 110

1. Which Cost Pool is approximately 22 percent of the total budgeted costs?

2. What percentage of the total budgeted costs does Machining take up?

3. What is the percentage of the total budgeted costs taken up by the smallest Cost Pool?

4. Which Cost Pool has 1.25 percent slack?

5. Which Cost Pool has the highest percent slack?

6. In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products?

7. In how many cost pools is the S-101 manufacturing overhead (MO) greater than the C-110 manufacturing overhead (MO)?

8. In which Cost Pools is C-110's manufacturing overhead greater than S-101?

9. What is the difference in manufacturing overhead for S-101 and C-110 in the Setup activity cost pool

Questions 1. Which Cost Pool is approximately 22 percent of the total budgeted costs? 2. What percentage of the total budgeted costs does Machining take up? Note: Round to the nearest whole number. 3. What is the percentage of the total budgeted costs taken up by the smallest Cost Pool? Note: Round to the nearest whole number. 4. Which Cost Pool has 1.25 percent slack? 5. Which Cost Pool has the highest percent slack? 6. In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products? 7. In how many cost pools is the S-101 manufacturing overhead (MO) greater than the C-110 manufacturing overhead (MO)? 8. In which Cost Pools is C-110's manufacturing overhead greater than S-101? 9. What is the difference in manufacturing overhead for S-101 and C-110 in the Setup activity cost pool? Setup activity Answers 67% 3% Packing and shipping Purchase ordering 3 Inspection, Purchase ordering $ 7,732
Transcribed Image Text:Questions 1. Which Cost Pool is approximately 22 percent of the total budgeted costs? 2. What percentage of the total budgeted costs does Machining take up? Note: Round to the nearest whole number. 3. What is the percentage of the total budgeted costs taken up by the smallest Cost Pool? Note: Round to the nearest whole number. 4. Which Cost Pool has 1.25 percent slack? 5. Which Cost Pool has the highest percent slack? 6. In the Inspection Cost Pool, what is the amount of difference between budgeted costs and the budgeted activity for both products? 7. In how many cost pools is the S-101 manufacturing overhead (MO) greater than the C-110 manufacturing overhead (MO)? 8. In which Cost Pools is C-110's manufacturing overhead greater than S-101? 9. What is the difference in manufacturing overhead for S-101 and C-110 in the Setup activity cost pool? Setup activity Answers 67% 3% Packing and shipping Purchase ordering 3 Inspection, Purchase ordering $ 7,732
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